Thursday, 3 February 2011

Gold...Not going lower now.!

That's a pretty emphatic rejection of both 1325.00 and the recent continuation range and changes everything and we have direction with a superb long bar and a new higher high . I may Look for a long entry on a shallow RT. Nice touch on the blue LMLP from the fork with the nearest low pivot to the BC line not the yellow fork's P0.( do not confuse with the white up sloping fork at the base of the controlling swing) The dark blue forks are all mod Schiff & Schiff ML's.

1 comment:

  1. Wow! So many lines in the chart on the right. Don't they confuse you?

    ReplyDelete